Wendy's
3,254 SF | Retail Building | Englewood, CO 80113 | $2,795,700 ($859/SF) | 4.65% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,795,700
- Property Type
-
Retail
- Square Feet
- 3,254 SF
- Price / Square Foot
- $859
Listing Contacts
Zeb Ripple
Verified Profile
Chris Peters
Verified Profile
Chris Kostanecki
Verified Profile
Trevor Morse
Verified Profile
- Property Info
Property Overview
Wendy’s recently extended its lease at this high-volume site which now features over fifteen years of primary term remaining. Located adjacent to a heavily trafficked, signalized intersection in Englewood, the restaurant ranks in the top 10 percent of Wendy’s locations nationwide and is the 5th (of ~126) highest trafficked Wendy’s in the state of Colorado (Placer.ai).
Property Details
- Class
- B
- Year Built/Renovated
- 1999/2014
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 12,632 SF
Highlights
- Absolute NNN ground lease with zero Landlord maintenance or expense responsibilities
- Recently extended 15-year corporate lease featuring 10% increases every 5 years – Wendy’s has occupied this site since 1999
- The lease features a corporate signature by Wendy’s Properties, LLC. The Wendy’s Company is publicly traded (NASDAQ: WEN)
- located on heavily trafficked S. Broadway Ave.,combined traffic count of ±70,200 VPD,multiple points of ingress and egress and wrap-around drive-thru
- Within a 3-mile radius of the subject property, there are 100,638 residents with an average household income of $133,571
- Located approximately 8 miles south of downtown Denver, Colorado’s state capital and most populous city, with a rapidly growing population of 700,000+
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